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Question:

Explain the role and significance of Public Sector Enterprises in India.

Answer:

  • Public Sector Enterprises play a crucial role in India’s economic development by:
    • Providing Employment: PSEs employ millions, directly and indirectly.
    • Industrial Development: Establishing industries in backward regions to promote equality.
    • Revenue Generation: Significant contributors to the government’s revenue through taxes and dividends.
    • Infrastructure Growth: Development in transportation, energy, and communication sectors.
    • Social Welfare: Focus on essential goods and services for the masses at affordable rates. Despite their benefits, PSEs face challenges like inefficiency and financial losses, requiring better management practices.


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  • Answered by Ekta Mehta
  • 4 months ago

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